Increase the level of transparency and control over your spending, maximize visibility, and leverage working capital strategically
A clear spend management strategy is critical for any business. The balancing act of managing and optimizing spend in today’s volatile marketplace is challenging. Implementing a real-time, intelligent spend management strategy is one of the best ways to minimize uncertainty. Companies that successfully develop an intelligent and effective strategy can usually focus better on innovation and growth.
At Optima, we deploy effective Spend Management strategies that help our customers address the key value areas for Intelligent Spend Management and deliver tangible results, such as:
- Maximizing Operational Efficiency
- Accelerating Process Cycle Times
- Efficient connections with business partners
- Supporting New Business Models
- Improving Supply Chain Visibility
- Building a more sustainable Supply Chain
- Optimizing Working Capital
Address the TOP Five value areas of success
Improve bottom line and working capital - enhance efficiency & effectiveness
Optimize the bottom line using a unified view of different spend categories. Avail negotiation opportunities using real-time procurement analytics. Collaborate between external and internal stakeholders using one platform
Better compliance and risk management
Mitigate risk with customized risk assessment targeted to each engagement along with the embedded compliance checks. Leverage risk intelligence and monitoring engine for smarter decision-making
Improve top-line - reinvest the savings
Enable sales to cash cycle by using ‘Forward Auction’ event with the concept of reciprocal trading as a direct contribution of procurement to sales. Also, savings re-invested into businesses indirectly contribute to revenue growth.
Strengthen supply chain resilience
Develop a resilient supply chain that isn’t disrupted by unforeseen circumstances. Access the world’s largest supplier network with more than 8 million connected companies.
Improve green line - source responsibility
Support supplier diversity and business inclusion by fostering a culture of innovation by connecting to small and diverse businesses. Drive positive impact on the balance sheet and environment by purchasing greener energy sources.
Spend Management in S/4HANA - key for success
Without an effective spend management strategy, companies suffer from a low level of transparency and control over their spending. This frequently results in unnecessary spending, increased supplier-related risks, inaccurate data, low cash flow visibility, and an inability to optimize their working capital strategically.
An intelligent spend management strategy is required for all businesses to be flexible and competitive in today’s quickly changing market
Without an effective spend management strategy, companies suffer from a low level of transparency and control over their spending. This frequently results in unnecessary spending, increased supplier-related risks, inaccurate data, low cash flow visibility, and an inability to optimize their working capital strategically.
An intelligent spend management strategy is required for all businesses to be flexible and competitive in today’s quickly changing market
